Malaysia’s Unemployment Rate Eases to 2.9% as Hiring Momentum Holds
Malaysia’s unemployment rate fell to 2.9% in August as employment reached 16.87 million and labour-force participation edged up to 71.0%.
Trusted Insights. Asian Perspective.
Malaysia’s unemployment rate fell to 2.9% in August as employment reached 16.87 million and labour-force participation edged up to 71.0%.
The ringgit edged higher against the US dollar after Budget 2027 set a 3.3% deficit target, although oil and global rate risks remain influential.
Consumer stocks are emerging as potential Budget 2027 winners as Malaysia increases household assistance, cuts selected taxes and raises the minimum wage.
Budget 2027 expands household assistance, small-retailer participation and tax relief while maintaining deficit and debt-reduction targets.
The Securities Commission Malaysia says Budget 2027 measures will strengthen regional listings, sustainable finance, wealth management and alternative capital for MSMEs.
Hong Leong Bank’s Budget response links its 5.0% growth forecast with domestic demand, fiscal discipline and practical support for households and SMEs.
Malaysia has unveiled RM459.8 billion in Federal Government expenditure under Budget 2027, alongside a broader RM510 billion expenditure and investment programme.
Malaysia's industrial output rose 5.0% in August as manufacturing and electricity gains outweighed a steep mining contraction.
Malaysia expects GDP growth of 4.2% to 5.2% in 2027 alongside RM459.8 billion of federal expenditure.
Malaysia's corporate regulator has extended eligible compound reductions to year-end, but companies must still complete remedial action.